Bush names Friedman top economic adviser ra 'ances reipjj her colli lave fused c| definite! prisingl) id UTKij arms for ly" andikj i a bottle''□ ceye-isigj I id went :-u I s and alloi;; :ntv trad' -Thmi WASHINGTON (AP) ['resident Bush, rejecting protests {rom supply-side conservatives, tamed Wall Street investment fanker Stephen Friedman on fTiursday to head his National economic Council, completing top selections for his [evamped economic team. Friedman will replace .awrence Lindsey, who was lusted last week along with Treasury Secretary Paul O'Neill /hen Bush decided he needed a Jtronger team to deal with the flackluster economy and sell Tongress on a new round of tax tilts. Friedman headed the giant fall Street investment bank of ioldman Sachs until 1994. Bush jraised him as an “innovative Economic thinker” who would lelpthe administration promote a lew “growth and jobs package” |o Congress. I While Bush’s choice of rail- load executive John W. Snow as feis nominee for Treasury secre- |ary had elicited widespread jraise, his pick of Friedman Itirred strong opposition among lonservative Republicans who leared that he would not be a [trong supporter of further tax cuts. Bush selected Friedman last veek, but his appointment was lelayed because of questions |ibout his health and to give White louse lawyers time to review his luge investment portfolio. Conservatives used the delay to fry to get Bush to reconsider. Supply siders, who came to imminence with Ronald Reagan In the early 1980s, believe that lax cuts can lead to more govem- nent revenue by spurring Increased economic activity. I Seeking to allay conservative Concerns, Friedman said during a IbriefWhite House announcement [ceremony that he was committed to pushing a new stimulus pack age expected to total as much as $300 billion in new tax cuts over the next decade. u If growing the economy is the major goal then Friedman’s going to do a great job getting us there. — Stephen Case Attorney, Davis Polk and Wardwell “I strongly share your convic tion, sir, that now is the time for a robust growth and jobs policy,” Friedman told Bush. Friedman, 64, was co-chair of the giant Wall Street investment bank of Goldman Sachs from 1990 to 1994. Friedman, a Republican, shared those posts with Democrat Robert Rubin until Rubin left the firm in 1992 to join the Clinton administration, first in the same position Friedman will now hold and then as President Clinton’s second Treasury secretary. Bush also this week announced that he was nominat ing William H. Donaldson, co founder of the Wall Street invest ment firm of Donaldson, Lufkin & Jenrette and a longtime Bush family friend, to become chair man of the Securities and Exchange Commission. Donaldson would replace SEC Chairman Harvey Pitt, who announced his resignation last month after coming under fire for his handling of a wave of corpo rate accounting scandals. Snow, currently head of CSC Corp., and Donaldson need NEWS IN BRIEF Senate confirmation. Friedman’s position does not require Senate approval. While the Dow Jones industri al average fell 50.74 points Thursday on profit-taking. Wall Street generally had a positive reaction to Bush’s choice of Friedman, who was seen as pro viding the administration with something the old team lacked — a savvy investment pro with close ties to the financial markets. “If growing the economy is the major goal then Friedman’s going to do a great job at getting us there,” said Stephen Case, a partner in the New York law firm of Davis Polk and Wardwell. Conservatives, however, had a more mixed reaction. Tom Giovanetti, president of the Institute for Policy Innovation of Dallas, a research group that advocates lower taxes, called Friedman a “disappointing choice.” “The White House spin is that Mr. Friedman is not there to set policy but to sell it,” Giovanetti said. “But we have to question how well someone can sell something that they don’t believe in.” Bush’s biggest economic achievement since taking office was congressional passage last year of a $1.35 trillion, 10-year tax cut, which Democrats blame for bringing back large budget deficits following four years of budget surpluses. Republicans blame the return of budget deficits on last year’s recession which they say would have been even more severe without the tax cuts. The president has said he will push Congress next year to make the 10-year tax cuts per manent and provide additional tax relief to jump-start the weak growth. NASA to send teacher to international space station BALTIMORE (AP) — NASA will send teacher- stronaut Barbara Morgan into space next year to 'arry on the educational mission of Christa IVIcAuliffe, the teacher killed in the 1986 Challenger disaster. NASA announced earlier this year that Morgan would fly on the space shuttle in 2004, but Administrator Sean O'Keefe said Thursday that 20 &2 M° r gan was now scheduled for a flight in November 2003 to the international space station. Education has always been a part of NASA's coupon rmssion, but we have renewed our commitment to § et stu< dents excited about science and mathemat- Hon ua "“pics, O'Keefe said in a news release. "The educa- lor-astronaut program will use our unique position ln space to help advance our nation's education goals." INC O'Keefe, Morgan and the commander of her shuttle flight, Scott Kelly, were scheduled to visit the Maryland Science Center later Thursday. Morgan, 51, was selected in 1985 as the backup to McAuliffe for the Teacher in Space Program. After the Challenger exploded in January 1986, killing McAuliffe and six other astronauts, Morgan returned to teaching at McCall Elementary School in Idaho, although she continued to speak at schools about NASA's work. The space agency tapped her in 1998 for astro naut training at the Johnson Space Center in Houston. She has worked in Mission Control as a communicator with astronauts in space. The primary objective of the November 2003 mission is to install equipment to increase power and communications to the space station. Morgan will participate in educational events from space and will be actively involved in the flight as a fully trained astronaut. 1J1S Santa Stud [Break ■S TOOUMU students I in attendance tecewe a atbucks gift certificate : fl WmMM ; -- H ^ •' * •;i A * ft ; ■ HCH Bil Pli \m Saturday, December 14 2:00 PM and 7:30 PM Rudder Auditorium TICKETS: 845-1234 or www.fVISCOPAS.org SELL BACK YOUR BOOKS AND LOSE WEIGHT! Three Decades of Performing Arts HO! HO! HO! ALL TAMU STUDENT TICKETS ONLY $15 The Following Locations will be Open to Students for Finals Study Sterling C-Evans library Open December 12,^ 2:00 provided by Sterling C. EransUbrary and De '"^ ^ ^ Poor Yorick’s at U Midnight °P en i5 from 4:00 pm - U:00 Midnight Decemner o r : other Food S«vice tocadoMOJ^ ^^m^mber 17,2002. land Sunday, December 15 througn and sbisa _E8!n8S8a Pancake Sonday,Dec«n^P re Bernie’s Cafe Exp«fs<> Openuntiin.OOM^ght 'for coffee and snacks Commons C-St